The Swiss government is ready to make a "more attractive offer" in trade talks with Washington, the cabinet said on Monday, after a crisis meeting aimed at averting a 39% U.S. tariff on Swiss imports that could hammer the export-driven economy.

Switzerland's government will hold an extraordinary cabinet meeting on Monday to discuss its response to President Donald Trump's 39% tariff on Swiss imports, which threatens to inflict heavy damage to its U.

The Swiss government said it is determined to win over the US on trade after last week’s shock announcement of 39% tariffs on exports to America. President and Finance Minister Karin Keller-Sutter convened an emergency meeting of the governing Federal Council today to discuss how to proceed — there aren’t many options,

Trump updated his sweeping "reciprocal" tariff regime last week and once again delayed the effective date, this time by seven days. The new executive order sets import taxes, ranging from 10% to 41%, for more than 60 countries and the European Union.

McEntarfer's firing added to growing concerns about the quality of U.S. economic data and came on the heels of a raft of new tariffs on dozens of trading partners, sending global stock markets tumbling as Trump presses ahead with plans to reorder the global economy.